SOURCE: Digicel

May 15, 2007 08:00 ET

Digicel Announces 144 Percent Subscriber Growth Increase

Achieves 4.7 Million Total Subscribers in Fiscal Fourth Quarter; Celebrates Digicel Haiti's First Year Anniversary With 1.4 Million Haitian Subscribers

KINGSTON, JAMAICA -- (MARKET WIRE) -- May 15, 2007 -- Digicel, the fastest-growing telecommunications operator in the Caribbean and new entrant to the Central American market, today announced that it has ended its fiscal year with a record 4.7 million subscribers as of March 31, 2007, representing a 144 percent increase when compared to the same quarter in the previous fiscal year (March 31, 2006).

Digicel Haiti also set new records of mobile growth in the region. Celebrating its first year anniversary since launching new service on May 3rd 2006, Digicel Haiti achieved a milestone of 1.4 million customers.

Operating in 22 markets, Digicel continues to experience sustained growth in existing markets as well as new markets. In April 2007, Digicel first entered the Central American market with the launch of mobile service in El Salvador. Later this year, Digicel plans to further expand its presence with a pending launch in Suriname.

"It's been an exciting financial year as we have expanded our reach beyond the Caribbean and received a resounding vote of confidence from the international financial community. Digicel enters the new financial year with strong growth prospects and a dedicated workforce that is committed to realizing our goals for 2007 and beyond," said Mr. Colm Delves, Digicel Group CEO.

· Digicel's key milestones for 2007 to date include:

New Mobile Markets:

--  Digicel Guyana launched under the Digicel brand name February 14,
    2007, after Digicel acquired Cel*Star U Mobile, the second wireless
    operator in Guyana, in November 2006. The operation had 18,400 subscribers
    at the date of acquisition, which has now grown to more than 100,000
    subscribers.
    
--  Digicel El Salvador formally launched under the Digicel brand name on
    April 12, 2007 after the October 2006 acquisition of the El Salvador mobile
    operator, Digicel Holdings Limited (an unrelated company). The company has
    shown strong subscriber growth since acquisition.
    
--  On April 23rd, Digicel was awarded a license to operate a GSM network
    in the newly liberalized market of Suriname. With a population of close to
    500,000, Suriname's mobile penetration is estimated at just over 40
    percent, which offers strong potential for growth. Digicel Suriname is
    expected to launch later this year.
    
New Partnerships:
--  Vodafone - In February, Vodafone and Digicel entered into a
    partnership agreement to offer new roaming capabilities across Digicel's
    markets in the Caribbean and Bermuda and Vodafone's global network. Under
    the terms of the agreement, Vodafone and Digicel have become preferred
    roaming partners, offering customers a seamless world-class mobile
    experience while traveling on each others' network. Both companies are
    jointly developing innovative products and services that offer tremendous
    cost benefits, more solutions and greater value for customers.
    
--  Huawei Technologies - In March 2007, Digicel partnered with Huawei
    Technologies to offer CDMA roaming in the Caribbean and Bermuda, making it
    the first GSM mobile operator in the region to simultaneously offer GSM and
    CDMA on its mobile network. In its initial stages, CDMA roaming is rolling
    out to five of Digicel's 22 markets, namely Jamaica, Bermuda, Aruba, Cayman
    Islands and Barbados.
    
Capital Markets and Bond Offering:
--  Digicel closed a US$1.4 billion corporate bond offering in February,
    representing the largest corporate bond offer in the Caribbean. Five-times
    over-subscribed, the issue enabled Mr. Denis O'Brien, founder and chairman
    of Digicel, to drive future growth opportunities and acquire 100 percent of
    ownership of the company.

--  Digicel also launched the Digicel Haiti Foundation in March 2007 with a
    commitment to build 20 primary schools across the country. 
    
Digicel's investment in the Caribbean and the Central American region exceeds US$1.5 billion. The company directly employs over 3,000 people across its 22 markets.

Note to Editor:

Digicel's measurement of subscribers is based on a highly conservative approach of a subscriber only being defined as "active" if that subscriber had a chargeable event in the last 30 days.

ABOUT DIGICEL

Since its launch in 2001, Digicel has become the fastest-growing wireless telecommunications operator in the Caribbean. Digicel is renowned for competitive rates, unbeatable coverage, superior customer care, a wide variety of products and services, and state-of-the-art handsets. It is the largest GSM operator in the region.

Digicel is incorporated in Bermuda and has operations in twenty two markets, including Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, Curaçao, The Cayman Islands, Dominica, El Salvador, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, St. Kitts & Nevis, St. Lucia, St. Vincent and the Grenadines, Trinidad & Tobago, Turks & Caicos and El Salvador. Digicel also has licenses in Guatemala and Suriname as well as coverage in St. Martin and St. Barths.

The company is the lead sponsor of sports teams including the West Indies Cricket Team, the El Salvador and Haiti Football Federation, as well as Special Olympics teams across the Caribbean amongst others.

Digicel is also title sponsor of the Digicel Caribbean Football Union Cup and in 2007 Digicel was title sponsor of the Central American Copa de Naciones Digicel 2007, both of which are important qualifiers towards the CONCACAF Gold Cup. For more information, visit http://www.digicelgroup.com/.

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